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Verifying the development of AI in the area, a report launched by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the area using it in their tasks over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," stated the report.

Top company leaders, policymakers and investors from the GCC and Latin America just recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, organization leaders, financiers, and market experts went to the first Global Service Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions count on each other for important items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can benefit from the altering patterns of global need and what role Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as an information and research study centre, by offering service paperwork, using legal services, assisting in networking chances through signature business occasions and delivering nearly every possible business service, it specified.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however slow somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.

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SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and skill, said company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a question on regional start-ups' prospects of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much going for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, policy and data personal privacy; and really strong universities that are increasingly looking at AI and turning out technical skill in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.

Our biggest driver right now is purchasing talent, due to the fact that in the AI race, it's the technical talent that really wins."Concentrating on the appearance of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are can be found in, which reveals clear indications of maturity of the community The ability of the UAE and local federal governments to bring in skill; their innovation-first technique, abundance of capital here in addition to inflow globally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.